G20 summit 2018: All you need to know

Leticia Stanley |Friday, November 30, 2018

Trump Hints at China Trade Pact as Truce Progress Reported

Trump railed against the massive US trade deficit with China during his 2016 election campaign and after a year in office, with no sign of the gap narrowing, the USA president attacked the issue head-on. He's put tariffs on $250 billion of Chinese-made goods this year in an effort to make US-made products more attractive to consumers.

Who may have a "couple of extra hours" free at the summit?

Earlier this week, Canada and its allies condemned the seizure of three Ukrainian naval vessels near Crimea.

"The next catalyst will be the G20 meeting between Trump and Xi; we believe risk assets will tactically trade in the green following a tariff cease-fire", Eleanor Creagh, a strategist at Saxo Capital Markets in Sydney, told Bloomberg.

"I hope that the United States and China could move towards each other and work hard to achieve positive results in the meeting", Gao said without elaborating.

Maersk's warning was not the first time the shipping giant has weighed in on the trade war. That's changing thanks to Trump's tariffs, with Chinese importers looking elsewhere for a plentiful supply. In other words, tariffs.

"The G-20 summit features high drama on the turbulent global stage, with U.S. President Donald Trump, China's Xi Jinping and Russia's Vladimir Putin playing leading roles", said Michael Shifter, head of the Inter-American Dialogue, a Washington-based think tank. Yes, most Apple products including iPhones have so far been excluded from tariffs on Chinese goods, but even Apple's mighty influence with the US government can't win the company a permanent reprieve from trade war pain. A trilateral meet with US President Donald Trump and Japanese Prime Minister Shinzo Abe is also on the cards.

Human Rights Watch has accused the crown prince of war crimes in Yemen and responsibility for Kashoggi's killing, and Argentine legal authorities are considering a request to prosecute bin Salman for alleged crimes against humanity.

Worldwide indignation over Khashoggi's murder, which was carried out inside Saudi Arabia's consulate in Istanbul on 2 October, continued on Thursday as Canada slapped sanctions on 17 Saudi nationals allegedly linked to his murder. "So, on diverse issues, we need to focus on strengthening institutions such as the New Development Bank", Sachin Chaturvedi, Director General of Research and Information System for Developing Countries (RIS), a think tank under the Ministry of External Affairs said. But some have said the interview never happened.

Just what is the G20?

But the gathering of leaders from the world's top industrialized and emerging nations will be eclipsed by discussions and controversy on the sidelines.

For many agricultural goods, particularly soybeans, China is the largest export market for USA farmers.

But only days before the summit, he poured cold water on such optimism.

Last year's summit, in the German city of Hamburg, was marred by violent protests.

If the tone between the two sides seems to have brightened, the Aussie, which isn't far above the more than two-year low it set last month, is worth getting excited about, said McCormick at NatWest. A chance to show world leaders that with Mauricio Macri at the helm, the country meant business. Some estimates have suggested a 10 per cent tariff on iPhones imported into the USA would amount to about US$40 a phone, based on the import-assessed cost of the device.

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In 2015, chemical blasts in a container storage facility killed at least 165 people in the northern port city of Tianjin. A subsequent fire destroyed 50 vehicles, the official Xinhua news agency（新华社）reported, citing local government sources.

Life expectancy in the US continues to fall
The suicide rate in 2017 was the highest in 50 years reaching roughly 47,000 cases (up from just below 45,000 the previous year). Further, suicide is now the second leading cause of death for Americans between the ages of 10 and 34, according to the report .

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